Wakad, Pune

wakad is a fairly populated locality situated in the northern fringes of Pune. stretching across approximately 2345 acres of land, the entire region has witnessed rapid development in real estate expansion over the last decade. presently, wakad stands to be one of the fastest-growing neighbourhoods of pune. 

the neighbourhood is moderately convenient to reach and locate and is encompassed by several other prominent localities of the city, including pimple saudagar on the east, hinjewadi on the west, nigdi on the north and baner on the south. 

wakad is mainly under the jurisdiction of the pimpri chinchwad municipal corporation (pmpc), which had permitted a large number of building projects to be executed around the area in 2016. this had resulted in the building permission department earning 70.68 crore from wakad and, accordingly, wakad becoming the hotbed of residential growth. 

the locality property rates are arguably affordable, with apartments on sale being priced at an average of 6,880 inr per sq. ft. on the other hand, 2bhk apartments for rent range between 3,750 inr- 35,000 inr, suiting all kinds of buyers. 

key highlights

• the location offers excellent employment opportunities and contemporary work environments, with the hinjewadi rajiv gandhi infotech park being situated in immediate proximity. the place is known to host several big it companies, namely, infostretch corporation and mobisoft infotech, among others.  

• wakad presents magnificent investment opportunities. with new residential and commercial projects constantly coming up, the place is being reconstructed into a concrete jungle, therefore providing a massive scope for investment.

• wakad offers all the basic amenities deemed necessary for a convenient lifestyle, within easy reach, starting from schools, hospitals, banks, restaurants etc.

whats great?

• the neighbourhood has exemplar physical infrastructure and connectivity. the pune-mumbai expressway, situated in close proximity, links the location with key city places.

• wakad hosts a myriad of renowned eateries that offer a versatile range of cuisines to its customers. some of them include the jalsaa restaurant, chai katta and skittles- the sports bar.

whats not great?

• an erratic supply of water has been a consistent problem in the neighbourhood. 

• the price of daily commodities in the neighbourhood, such as fruits and vegetables, are relatively on the higher side, making it a little troublesome for the residents of wakad.

• traffic and congested roads is yet another problem that wakad occasionally imposes. 

Watch out for?

puneri metro, a metro project that will connect hinjewadi with shivajinagar, is under construction and is expected to be completed by 2023. this metro line will provide greater connectivity to wakad, making it an ideal place to reside in physical infrastructure. 

property rising factor

short term: wakad has a large number of residential projects under construction, and property pieces are rising at a tremendous rate. the locality is acquiring great demands for properties among customers, owing to the locations social and civic infrastructure.

long term: given the present rate at which property pieces are being constructed in wakad, it can be said with much certainty that the locality will experience a boom in new projects and even in property prices in the upcoming years. 

other highlights  

social infrastructure

wakad offers sufficient social infrastructure because it promises its residents a wide range of social amenities starting from reputed schools, banks, shopping malls, and hospitals.

shopping complex & markets

• city one mall

• westend mall

• xion mall

• pimpri market

• kuber market

health care centers

wakad has quite a few reputed and well-known health care centres and clinics nearby, ensuring that the residents lead a happy and healthy life. some of the hospitals are:

• lifepoint multispeciality hospital

• ruby hall clinic

• surya mother and child care superspeciality hospital

• polaris healthcare

• aundh e.s.i.c hospital

connectivity & public transport

numerous important roads of that region pass through wakad, such as the datta mandir road, wakad main road, aundh-ravet road and hinjewadi road. the area has several bus stations in its vicinity that connect wakad to some of the citys prime destinations. the bus stations include the santoshnagar bus stop, wakad bridge bus stop and kamalakar chowk. 

being linked to the mumbai-pune expressway, the location has great connectivity. apart from that, the nearest airport, which is the Pune international Airport, is situated at a distance of 23 km.  similarly, the closest railway station is the pune junction railway station. 

schools, bank & fitness centers

wakad has a good number of schools and banks nearby and many fitness centres, such as metafit, force fitness and highfit fitness club.

schools.

• indira national school

• euro school

• wisdom world school

• akshara international school

• gk gurukul

banks.

• bank of maharashtra

• saraswat bank

• hdfc bank

• pavna sahakari bank

• rbl bank ltd. 

popular landmarks near locality

wakad has quite a few famous landmarks in its vicinity, and some of them include the thergaon boat club, mula river, shree moraya gosavi ganpati mandir, shreemant dagdusheth halwai ganpati mandir and gnanjyoti savitribai phule udyan.

micro market analysis

capital and rental trends: wakad is upscale and highly sought after locality. naturally, the price trends change dynamically every so often, with new projects constantly coming up. as a result, the rent and sale prices of properties are high and is only going to increase in the next years.

scope of growth: wakad, as a locality, is consistently growing and developing and exhibits major potential for growth in the future. 

investment opportunities: the location is an excellent investment destination given that the area has good social infrastructure and connectivity along with high demands for property pieces.